EUR/USD
To open long positions for EURUSD, it is required:
Bulls released the level of 1.2029, and currently all the attention on long positions should slightly be lower, towards a support of 1.2001, and best of all to the level of 1.1980, with a large volume for Wednesday. In the event of a return to 1.2029, we can expect the euro to rebound again in the area of a morning resistance of 1.2054 and an update of 1.2094, where it is advised to lock in the profit.
To open short positions for EURUSD, it is required:
Sellers worked out a steadying below the level of 1.2029, and the first target is the area of 1.2001. A break below this range will lead to an update of 1.1980 and a subsequent test of 1.1956, where I recommend that you lock in profits. In the event of a return to 1.2029, selling would be best set aside until new highs are updated around 1.2094.
GBP/USD
To open long positions for GBP/USD, it is required:
It is better to consider new long positions after returning to the level of 1.3581 with the main purpose of re-updating 1.3609. In the event of a further decline in the GBP/USD pair, you can immediately rely on new long positions on a rebound from 1.3543 or slightly lower, from the larger support of 1.3514.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3581, we can expect a further decline in the GBP/USD pair with a test of 1.3543 and an update at 1.3514, where it is advised to lock in profit. In the event of growth above 1.3581, new short positions can immediately be rebounded from 1.3648.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
